Blizzard sweeps through the Northeastern United States, causing a sharp decline in airline and travel stocks

2026-02-24 09:12:20

Investing.com – On Monday, airline and travel company stocks declined as a major winter storm disrupted operations across the Northeast, forcing airlines to cancel thousands of flights.

Booking Holdings fell 6.8%, Airbnb dropped 6%. Among airlines, American Airlines declined 4.5%, United Airlines fell 4.9%, Delta Air Lines dropped 3.6%, JetBlue Airways decreased 3.7%, Southwest Airlines declined 2.9%.

The National Weather Service issued a blizzard warning for the Northeast on Monday, as the storm brought heavy snow and strong winds to the region. Meteorologists warned that travel conditions in the most affected areas would be extremely dangerous, prompting some local officials to implement travel restrictions.

According to flight tracking service FlightAware, over 10,000 flights had been canceled by Tuesday. Flight operations from Philadelphia north to Boston were essentially halted, with the highest number of cancellations at major hub airports in Boston, New York, and Philadelphia. Baltimore and Ronald Reagan Washington National Airport in Virginia also experienced a large number of cancellations.

The storm also caused widespread power outages, with over 500,000 customers losing electricity in Massachusetts, New Jersey, Delaware, and Rhode Island.

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